<P>The New Mexico Senate, in an effort to improve the state’s roads and rebuild its cash reserves, approved a bill this week to increase the state gasoline tax for the first time in more than 20 years.The measure,what is the best asphalt crack filler Senate Bill 95, would raise some $180 million annually through a range of taxes and fees. One part would raise the state gasoline tax to 27 cents per gallon from its present 17 cents and the tax on diesel fuel to 26 cents from 21 cents. A companion measure would boost the fee charged on the purchase of a new or used cars and trucks to 4% from 3%.<a href="http://chipspreadermarket.com/">chip spreader market</a>
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<p>“If it reaches the governor’s desk, she will veto it,” said Chris Sanchez, a spokesman for Republican Gov. Susana Martinez. An override of Martinez’s veto is unlikely because the tax bill received support from only three of the Senate’s 16 Republicans.Most of the new money derived from these increases would flow to the state general fund for three years until cash reserves reached 5%, or about $300 million, of the $6.1 billion operating budget. Only two years ago,commercial asphalt red rock plant state’s cash reserves exceeded $700 million, but are presently only $90 million.</p>
<p>“If we don’t fix this [roads] problem, our cost to finance loans and bonds will be nothing compared to this tax increase. And that’s not fiscally responsible,” said Sen. George Muñoz (D-Gallup).Senators approved the tax bill 29-13. Sen. Clemente Sanchez, D-Grants, sponsored the measure, and all fellow Democrats voted for it. Only three Republicans voted to approve the measure.A similar mindset also exists in Arizona, where Governor Doug Ducey, in conjunction with an infrastructure “wish list” sent to the Trump Administration, said flatly, “I’m opposed to raising taxes,” despite his willingness to concede that the state presently has pervasive unfunded transportation needs.seal cracks in concrete road</p>